The post AscendEX shuts down, says users may not recover full crypto balances appeared on BitcoinEthereumNews.com.
AscendEX has shut down operations after citing regulatory requirements under the European Union’s MiCA framework and mounting financial difficulties, while warning that some customers may not recover their full crypto balances. Summary AscendEX has shut down operations, citing MiCA compliance requirements and financial difficulties. The exchange warned users that withdrawals will be reviewed manually and full account balances may not be recoverable. The closure follows weeks of withdrawal complaints after ZachXBT raised concerns about delayed withdrawals and the exchange’s visible hot wallet reserves. According to a notice published by the cryptocurrency exchange on July 6, AscendEX ceased operations on July 1 after the Markets in Crypto-Assets (MiCA) regulation came fully into force in the European Union, where the platform does not hold the required authorization. The ex
AscendEX has shut down operations after citing regulatory requirements under the European Union’s MiCA framework and mounting financial difficulties, while warning that some customers may not recover their full crypto balances. According to a notice published by the cryptocurrency exchange…
The integration of crypto into the World Cup could significantly boost digital currency adoption and reshape fan engagement globally.
The post Justin Bieber headlines FIFA World Cup halftime show as Kraken brings crypto to soccer’s biggest stage appeared first on Crypto Briefing.
The post ESMA Launches First Coordinated Crypto Custody Review Under MiCA appeared on BitcoinEthereumNews.com.
For EU crypto custodians, the grace period is over. With the Markets in Crypto-Assets regulation now fully enforced, the European Securities and Markets Authority has shifted from rulemaking to active supervision. Its first Common Supervisory Action on crypto-asset service providers puts custody operations under direct scrutiny, according to the original report. National regulators will begin risk-based reviews that run into 2027, zeroing in on governance, key management, transaction controls, incident response, smart contract risks, and third-party dependencies. The CSA is not a one-off check. It represents a structured, coordinated effort across all member states to test the digital operational resilience of firms holding client crypto assets. The fact that ESMA chose custody as the first target says a lot about where regulators see the greatest risk. Private key mismanageme
The post Kraken leads MiCA exchanges as EU crypto rules bite appeared on BitcoinEthereumNews.com.
Kraken leads MiCA-regulated crypto exchanges in liquidity, according to DefiLlama’s MiCA exchange dashboard. The data cited by Wu Blockchain showed Kraken with $399.71 million in spot liquidity and $206.90 million in perpetual liquidity, placing it first in both categories. Summary Kraken leads MiCA exchanges in liquidity, giving larger traders deeper order books across regulated European markets. Coinbase remains the closest rival, but DefiLlama data shows Kraken ahead across core liquidity metrics. MiCA licensing has changed Europe’s exchange race, making liquidity and market coverage key user factors. DefiLlama’s live MiCA-regulated exchanges dashboard later showed Kraken still ahead, with more than $400 million in spot liquidity and more than $220 million in perpetual liquidity. The live figures may change because liquidity data moves with market depth, prices and exchange activity. Co
The post Kraken Wins $22 Million Arbitration as Arjun Sethi Calls for Clear Crypto Rules appeared on BitcoinEthereumNews.com.
Key Takeaways Payward won a $22M award and asked Delaware court to enter judgment against Mazars USA. Kraken says Mazars’ exit reflected 2023 crypto regulatory pressure and debanking concerns. Arjun Sethi urged Congress to pass the CLARITY Act for clearer U.S. crypto rules. Kraken Asks Delaware Court to Enforce $22 Million Award Against Mazars USA Payward, the parent company of Kraken, has asked the Delaware Court of Chancery to enter final judgment against Mazars USA after an arbitrator awarded the crypto exchange operator $22 million. The dispute stems from Mazars’ decision to withdraw from Kraken’s nearly completed 2022 audit in December 2023. According to Payward Co-CEO Arjun Sethi, Mazars had audited Kraken for three years, issued two clean opinions, and was days away from completing a third. Sethi said the auditor confirmed in writing that it did not disag
Payward, Kraken’s parent company, has asked the Delaware Court of Chancery to enter final judgment against Mazars USA after winning a $22 million arbitration award. Co-CEO Arjun Sethi framed the case as part of a broader fight over debanking, regulatory pressure and the need for clear U.S. crypto market rules. Kraken Asks Delaware Court to […]
Trump's trade halt with Spain heightens EU economic uncertainty, potentially impacting global markets and strengthening crypto's appeal.
The post Trump orders complete trade halt with Spain, triggering market selloff and European uncertainty appeared first on Crypto Briefing.
